Logitech's (LOGI) publically disclosed consideration of acquiring Plantronics (PLT) provides a "unique opportunity to peer through the strategic eyes" of CEO Bracken Darrell and CFO Vincent Pilette, Loop Capital analyst Ananda Baruah tells investors in a research note. After some "initial head-scratching," the analyst now believes that acquiring Plantronics "could have been uniquely material and catalyzing" to Logitech's cloud strategy. Shares of Logitech can ultimately trade back into its prior trading range of a 20-25 times price-to-earnings multiple, making the stock attractive at these levels, Baruah says. She keeps a Buy rating on the shares with a $53 price target.